When the neighbours sell to a developer...

Discussion in 'The Buying & Selling Process' started by Depreciator, 26th Oct, 2016.

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  1. Depreciator

    Depreciator Well-Known Member

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    Lewisham, in Sydney's inner west.

    There is a bit more to the story - the extended family of the remaining half of that semi owns a few properties in a line, so they would be doing a deal with another developer. For now, it's pretty funny and being used by people as an example of the madness happening in Sydney right now.

    upload_2016-10-26_14-59-13.png
     
    Depreciator, 26th Oct, 2016
    #1
    Ardi and Colin Rice like this.
  2. hash_investor

    hash_investor Well-Known Member

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    Who buys those apartments? I want to see them.
     
    hash_investor, 26th Oct, 2016
    #2
  3. Depreciator

    Depreciator Well-Known Member

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    The apartments would be fine. No better and no worse than the ones going up in all of the east coast capitals.
     
    Depreciator, 26th Oct, 2016
    #3
  4. Scott No Mates

    Scott No Mates Well-Known Member

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    [​IMG]
     
    Scott No Mates, 26th Oct, 2016
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  5. larrylarry

    larrylarry Well-Known Member

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    The house could worth more with the passage of time?
     
    larrylarry, 26th Oct, 2016
    #5
  6. Ted Varrick

    Ted Varrick Well-Known Member

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    Cant imagine that the construction period would have been pleasant for the "immediate" neighbours.

    And one might wonder if the title gives the semi owner 50% of the votes in a strata meeting...
     
    Ted Varrick, 26th Oct, 2016
    #6